Home / Knowledge / News / Textiles / PVH Group lays down pre-investment conditions for Ethiopia
PVH Group lays down pre-investment conditions for Ethiopia
11
Sep '14
Phillips-Van Heusen (PVH) Corporation, one of the leading American garment companies, has put forth ten conditions to the Government of Ethiopia, before investing in the garment sector in Ethiopia, Addis Fortune reported.

Officials of the company had visited Ethiopia, along with 27 textile and garment factories from different countries, last month.

The conditions that were laid down by PVH include consideration of tax incentives, logistics issues, and priorities for power supply, and getting a ready-made industrial park.

These prerequisites were discussed in a meeting between the representatives of PVH and the Government of Ethiopia officials, State Ministers for Industry, Sisay Gemechu and Tadesse Hiale, Deputy Commissioner of the Federal Investment Commission (FIC) Likyeleshe Abay and representatives from the Textile Industries Development Institute (TIDI).

Ethiopia wants PVH to invest either in Hawassa or Dire Dawa. However, PVH is keen to invest in the Bole Lemi Industrial Zone in the capital city, according to the report.

The Bole Lemi Industrial Zone has two phases, out of which the first phase has 20 shades on 156 hectares and 5 of them are already given to different companies. The remaining 15 are under construction and already given to 22 companies.

PVH is requesting the Government of Ethiopia to grant a ready-to-use industrial park from the phase two of the zone for all the factories it wants to set up in Ethiopia.

PVH, a global company, owns Tommy Hilfiger, Calvin Klein and Heritage brands. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search